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Suppose the interest rate is 6.8% APR with monthly compounding. What is the present value of an annuity that pays $80 every six months for
Suppose the interest rate is 6.8% APR with monthly compounding. What is the present value of an annuity that pays $80 every six months for six years?
The present value of the annuity is? $___
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Strategies For Monetary Policy
Authors: John H. Cochrane, John B. Taylor
1st Edition
0817923748, 978-0817923747
